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20110714
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Search Results 0 to 21 of about 22 (some duplicates have been removed)
. >> the largest possible deal. >>chris: the president wants to go big so why are the numbers going down? welcome, everyone, i am here for neil cavuto in "your world." a new round of debt talks get under way at the white house but it is not all smiles. because the president's listen is not looking so grand. we have gone from talk of $2 trillion in cuts to $1.7 trillion and now closer to $1.5 trillion. and there is in guarantee that money won't go lower as the talks drag on. utah republican senator lee thinks we need to go back but $1.5 trillion in cuts spread out over ten years is that going big? >>guest: no, in the big at all. i am not sure it is going anywhere. one congress cannot bind another congress. so no matter how big the cuts are, if they are stretched out over 10 years and not accompanied by a constitutional amendment we have no guarantee they will be followed. >>chris: do you get a sense both sides are trying to get a deal and making it small enough to be palatable because the democrats and the administration will not make a big deal without tax increases, so both will take small incre
's big three credit rating agencies, warned it might have to lower the country's top notch credit rating if lawmakers don't come it an agreement soon on raising the debt ceiling. this a starnlgts moodeddy's said its action was prompted by the possibility that the debt limit will not be raised in time to prevent a missed payment on u.s. bonds with a small but rising risk of a short-lived default. economists say if the aaa rating is lowered, it would throw the financial markets in to chaos and the cost of were rowing would go up for everything from mortgages to car loans. federal reserve chairman ben bernanke warned -- >> i think the worst outcome is that at some point, you know, we default on the debt and that would creates a i said before a huge financial calamity. >> reporter: sources say the president knew about the moody's warning as he headeded in to wednesday's meet which go all sides have described as very tense. republican majority leader eric cantor quoted the president as saying, i have reached the point where i say enough. would ronald reagan be sitting here? i've reached my li
's right. you know, the big point of contention yesterday was with house majority leader eric cantor pushing for this short-term deal or a series of short-term deals. the president, according to democratic sources familiar with the talks, made it clear that that is something he does not support and something he would veto. the president has, for the last few days, and certainly weeks as well, been pushing for the biggest deal possible where it it seemed to get some support. of late, it has not. the president believing if you start talking about the short-term deals, you run into the political season where you negotiate the things all over again. if you can't get this done now, how will you get this done in the thick of the political season? tense discussions yesterday. the president agitated and believing that republicans are using the debt talks to make political points. the president making the point, according to those inside the meeting, that this kind of atmosphere just confirms some of the worst fears that americans have about the way washington works. >> well, yeah. the way wa
street is worried about washington. late wednesday moody's one of the big three credit rating agencies warning it might have to lower the rating if lawmakers don't come to an agreement on raising the debt ceiling. in the statement it said the action was prompted by the possibility that the debt limit woil not be raised in time to prevent a missed payment on u.s. bonds with a small but rising risk of ashort-lived default. economists say if the aaa rating is lowered it will throw the financial markets into chaos and the cost of borrowing would go up to everything from morlts to car loans. ben bernanke warned. >> i think the worst outcome if we don't raise the limit, at some point we default on debt and that would create as i said before, a huge financial calamity. >> reporter: sources say the president knew about the moody's warning as he headed into wednesday meeting which all sides describe as tense. republican majority leader eric cantor cited the president as saying i have reached my limit. he left saying i'll see you tomorrow. the two sides couldn't even agree about what happened in
a moment ago, l.a. is gearing up for gridlock. you might be thinking, well, what's the big deal? it's l.a. they are used to gridlock on their highways. but this is different. they are calling it carmageddon, and it's set to begin soon. but first, let me give you a update on where we are with the debt negotiations going on in washington, d.c. at 4:15, that's a little more this an hour from now, the talks are set to resume right there at the white house. now, it was this time yesterday we told you that these talks were getting a bit testy. the two sides, why not be getting testy, are under pressure of an august 2nd deadline to get a deal to raise the debt ceiling or risk a u.s. government default on its bills. well, last evening we are told things became even more testy, extremely heated. we'll get to more on that in just a moment, but first an extremely urgent call within the past half hour from the treasury secretary himself. take a listen. >> the eyes of the country are on us, and the eyes of the world are on us, and we need to make sure we stand together and send a definitive signal t
, use what we know are good skills at lying, erase her past or going to take a big payday although there is option three which is the money piling up in her account for men who for whatever reason, motives unknown seem to want to take care of her so she does have fans. i don't know if you saw the reports she does have fans. >> she has sponsors. >> sponsors is a polite way to put it. >> when we talk about the fact that she has money making potential to come to talk about the ordeal she went through, isn't it also a scarlet letter put on whatever organization decides to pay this woman? >> absolutely. when the adult entertainment industry, when triple x entertainers are saying our customers can't stand to have you involved with us, it's hard for a main stream organization to get behind her. >> tony what about the logistics for sunday? the reporting i've been hearing out of orange county florida they're not able to protect her other than if she were to call 911 and needed help they're not able to provide body guards or any services to her safety. >> there will probably be people waitin
. no we won't. we have money to pay it, pay it take that issue off the take. here's the big issue, the president doesn't want to have to be confronted with priorities in spending. because he has a lot of chutzpah. he spent a trillion on stimulus, it failed. he spent a trillion and a half every year on deficits, they are his. also obamacare trillions of dollars this is his spending. he's gotta own it and deal with it. >> greta: i think the president genuinely wants to make sure people don't get hurt. >> we all do. we all do. >> greta: i don't think he's necessarily playing politics some would say he worries if we take some money out of this program it is going to hurt somebody, they all have costs every time we take has costs. >> my point was, this president has added trillions of dollars. we wouldn't be in this crisis right now if he wouldn't have spent that trillion on stimulus, trillion and a half more than he should have on the budget and trillions more on obamacare. but for those trillions in spending, we wouldn't be in this mess. we would still be in a bad spot, nowhere near
to rein in big government spending and prevent tax increases. >> the majority of the house has to approve spending and that's tremendous leverage. we should use it. >> a political analyst says it has an impact on how far g.o.p. speaker john boehner can go in debt negotiation. >> the existence of the freshmen linked creditability to john boehner when he says there are not enough votes for tax increase. >> reporter: president obama is also feeling the pressure from the left flank saying that social security and medicare may need modification to sustain them for the future generation. >> if there is a reasonable deal to be had on it, one i'm willing to pursue. >> that got a strong pushback from nancy pelosi and other liberals. >> today, the democratic women of congress have come together to send a clear message. we must protect medicare and social security. we will not support cuts. >> reporter: if there are cuts to the program in a final deal, it will be a tough sell to the president with the liberal base, which sees itself as cardigan of the entitlement. molly henneberg, fox news. >> shann
to look at it. if i can dial out for a minute and give you a big picture perspective, despite this tit for tat and all this political spinning going on, there is still a meeting scheduled at the white house tomorrow, as far as we san antonknow, all sides are planning to come here and they will be discussing detailed spending cuts and for the first time, this discussion of tax changes. will there be revenue on the table, a major controversial issue. despite all this, there could still be potential progress towards one of these deals tomorrow. we'll see. >> you answered my last question. we'll check back with you later on. they might want to start with decaf tomorrow. >> let's go to our top story now. this is an important thing for all of us to be aware of. this in-depth look at the rupert murdoch scandal as it begins to reverberate in america. we thought it might and indeed it has. murdoch withdrew his bid for bskyb amid the most disturbing allegations that emerged. according to a british paper, journalists from the news of the world approached a new york private investigator to buy pho
't really care now. >> what about maria shriver? >> maria makes a big come back for a reason. she's a journalist who truly put her career aside to raise these great kids and be a dutiful wife. i expect her to be back. >> let's move on to another topic which is of course the royals. what gives? mumbai bombings, notity polish t notity politicians and a happy wonderful story of who young people who seem to adore each other. i'll take it any day. >> and nobody wants to just say the pink elephant in the room. all little girls want to grow up to be the princess. they want the big wedding, they want the red carriage. some of us did get it, some of us did not. >> once again i'll insult everybody over a certain age. i don't see -- as somebody who studies behavior and follows people, i don't get what -- i understand it's escapism, we're a celebrity culture, but even celebrities like idolizing the whole -- >> theshe's a princess. he's going to bes ki the king. >> do you think they're not just interesting? >> the whole fasfascination, an i'll be the bad guy -- >> because you are because of co
will come in the end and soon. >> president obama obviously inherited by common consent a big hospital pass in terms of the state of the economy, not just in america but around the world, very very tough to pull out of any kind of rapid way. having said that, as we head towards another election year, there will be critics and you will have heard them, that say you can't keep blaming the republicans for what you inherited. president obama, under his administration, the jobless figures are still terrible, 9.2% of americans are out of work. do you feel disappointed that there's been no greater inroad into those jobless figures? >> i feel very disappointed there hasn't been more inroad into those jobless figures. i feel disappointed frankly there hasn't been more bipartisan bipartisan cooperation on solutions. here in massachusetts, we have like states across the country faced huge unprecedented budget gaps, taking that same balanced approach with cuts and use of stimulus reserves and modest tax increases and change in the way a lot of our state government does business, we have closed a $14 bi
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of these guys are very big. >> right. >> reporter: are you afraid? >> i don't have any fear of getting beat up. i just have fear of, like -- i think they can just look at my sideways and i would melt with fear. >> brett favre was so old, he remembers the first brett favre is old joke. >> he kind of stone faced me in the audience. i made the mistake of looking at him. he gave me a laugh later. >> reporter: he does have some recent experience working tough crowds. >> what happened to you? when you were sworn in you looked like the guy from the old spice commercials. now you look like louis gossett sr. >> the white house correspondents dinner was more intimidating because who was there. people that can use the irs to investigate you. people thahacan, you know, deny you permits. >> reporter: and, of course, people like donald trump. he went after trump hard. >> donald trump has been saying he will run for president as a republican, which is surprising, because i just assumed he was running as a joke. >> reporter: don't trtrump didn to love the jokes. >> based on nonverbal communication, i would ag
to raise the debt ceiling while postponing the big debate over spending and taxes. >> everybody understands -- that is what i think of the idea. >> president obama has threatened to veto any short- term solution. >> after a moving service in california, betty ford is now back in her home state of michigan. the casket arrived this afternoon. she will lie in repose tomorrow morning at the ford museum in downtown grand rapids. thousands of people are expected to pay their final respects before tomorrows private funeral. >> she shared her life. her life was public. she shared it and it helps a lot of us. >> bill clinton, dick cheney, barbara bush or among the dignitaries expected to attend tomorrow's service. the former first lady died, on friday at the age of 93. >> the new report revealing mass of security breaches at many of the nation's airports. >> why the cost of convenience just got costlier for netflix customers. >> when i i'm around people who smoke, it bothers me in public places. >> they now banned smoking outdoors. >> thunderstorms are rolling across the state. that is going to brin
is beginning to cause some big problems for businesses there. that includes the bars and restaurants. a number of bars and restaurants say they can't get the liquor licenses and the permits that they need to operate. the shutdown in minnesota began nearly two weeks ago when the governor and state lawmakers were not able to reach a deal on a budget. several bar owners in minneapolis say they are worried about the bottom line now. they say thousands of employees will be out of work if this shut dunne doesn't end soon. >> ben's chili bowl could be moving to chicago. several areas are looking for expangs. ben's has become a must have. has become a permanent fixture at washington park. >> stays with you for a while. >> two days. >> something else that's going to be staying with us over the next couple of days, some great weather. say good-bye to the heat and good-bye to the 90s. i think we'll be looking very, very nice over the next couple of days and actually we're pretty good out there right now. mostly clear skies across parts of the area. still some clouds down to the south. temperatures today
. however there is disagreement over that point, big disagreement over that point. >> the other thing we'll be looking at is of course whether or not there will be issue with the credit rating. we'll talk about that. rebecca thanks. chris? >> thank you. >>> there is news of another arrest in the widening phone hacking scandal in britain. rupert murdoch is being pressured to appear before lawmakers in london and washington. dana lewis is in london good morning. >> reporter: good morning, we're hearing a ninth person has been arrested in the phone hacking scandal, the former executive editor of the "news of the world," but the late breaking news here this morning is the british government committee has just issued a summons for rupert and james murdoch to appear before them to answer questions about what they knew in the phone hacking scandal but legally there is a serious question over whether they can be compelled to appear. damage control in high gear rupert murdoch and son james in london trying to find a way to put out the fire. news corp shut out "nut of the
>>> welcome back. i'montessa brewer back in the saddle covering the big news coast to coast. we begin with breaking news. the judge in the roger clemens perjury trial has just declared a mistrial. nbc's pete williams is in washington, d.c. what's the judge saying about this trial, pete? >> reporter: well, the judge has said he'll decide at a hearing on september 2nd, almost two months from now, where we go from here. this trial had just started yesterday with opening statements from both sides and the prosecutors had begun calling witnesses, but the judge had told the prosecutors in advance that certain evidence was off-limits and one of the things that was off-limits was related to testimony by a friend and former teammate of roger clemens named andy pettitte who had played with him on two major league teams. andy pettitte has said that roger clemens told him he used human growth hormone. clemens says that pettitte is mistaken. what's at issue here is a legal document, sort of sworn statement by the wife of andy pettitte, who says yeah, i heard my husband tell me that roger tol
and had to do them later. this is another leader who made a big show of imposing new rules for the house, that every time they'd propose spending they'd have to propose cutting to offset, then with the very first bill he introduces, he violates his own rule. this is the house speaker who does photo ops like this one. >> when we say we're going to cut spending, this is what we're doing, heard saying to himself i can't believe i just said that. again, it's his own press conference. nobody said mr. speaker, can we read your lips on this? he brought it up, repeating the most famous republican screw up line in the last 40 years, unforced error, own goal again. here he is on fox news last night talking about the need to raise the debt ceiling. >> so what is next? what if you don't get a deal? >> i don't know. >> third in line to the presidency, speaker of the house. dunno. whether or not you agree with john boehner on policy, whether or not you think john boehner on policy is right or wrong, whether or not you want him to succeed politically or you don't want him to succeed politically, john b
Search Results 0 to 21 of about 22 (some duplicates have been removed)

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